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News release

Philadelphia

Jones Lang LaSalle Named Leasing Agent for Waterview Corporate Center

Eight-Story Property Undergoing Extensive Renovation Program


PHILADELPHIA, February 17, 2009 – Jones Lang LaSalle, the leading integrated financial and professional services firm specializing in real estate, was selected as exclusive leasing agent for Waterview Corporate Center, an eight-story, 137,500-square-foot office building at 1020-1084 North Delaware Ave.  Waterview Coprorate Center, previously known as The Plaza 1080 Office Complex, has started extensive renovations into a high end, Class A property.
 
Thomas Kramer and Tom Weitzel of Jones Lang LaSalle will be directing the leasing efforts at Waterview Corporate Center.
 
Built in 1905, the property is currently undergoing an extensive renovation program, which includes a new exterior, windows and retail shops; elevator upgrades and a state-of-art lobby.
 
“This is a well located property that will attract high quality tenants as the results of the renovation take shape,” said Thomas Kramer.  “The developer has made a great investment and has a strong value-add strategy.”
 
Waterview Corporate Center is located in Philadelphia, walking distance to Center City, Old City, Penn’s Landing, Penn Treaty Park and Waterfront Square Condominium & Spa.
 
About Jones Lang LaSalle
 
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2008 global revenue of $2.7 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.3 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with more than $46 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.
 
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